Market Watch August 20th 2016

Dated: 08/20/2016

Views: 162


This Weekin Review

 

The economic calendar finished the week on a quiet note as no data releases were scheduled for Friday. The markets continue their ‘choppy’ trading patterns as we wait for a bigger headline to possibly cause a breakout of the recent range of ~1.48-1.62% on the 10yr. One thing is for sure, the market cannot continue to contract and trade this tight of a range for much longer without a bigger move on the horizon. The technicals suggest that the ‘coiling’ patterns of late are ready to unwind, it’s just a matter now of which way. 

For now, we still suggest taking advantage of current interest rates until we get some better insight as to where we are headed in the short-term. As we look ahead to next week, the market will primarily focus on the Fed’s Jackson Hole Symposium to look for any more details as to what the Fed is scheming for the months ahead. We also have some top tier data points with New and Existing Home Sales, Durable Goods Orders, and Real GDP.

 

Upcoming Market DataMonday - August 22
 
Chicago Fed National Activity Index
 
Tuesday - August 23
 
New Home Sales
 
Wednesday - August 24
 
MBA Mortgage Applications
•  FHFA House Price Index
•  Existing Home Sales
 
Thursday - August 125
 
Monetary Policy Symposium
Durable Goods Orders
Jobless Claims
Bloomberg Consumer Comfort Index
 
Friday - August 26
 
Monetary Policy Symposium
GDP
International Trade in Goods
Consumer Sentiment
 
FeaturedBlog

 

What I Wish I Knew Before Buying My First Home

PrimeLending, a PlainsCapital Company

10 Helpful Tips For First-Time Homebuyers
Buying a home can be exhilarating and terrifying at the same time, especially for first-time homebuyers. When you aren’t sure what to expect, the process can be overwhelming. These tips can help make your first home buying experience (or any consecutive home purchase) as smooth as possible …

Learn More >

 

CALL TODAY TO DISCUSS THIS WEEK'S MARKET TRENDS.
 
 
Prime Lending Logo
  Jason Kaiman
  Production Manager
  NMLS: 406027
  Office: 515-418-9608
  Cell: 515-205-5244
  10647 Justin Drive
  Urbandale, IA 50322
 
jkaiman@primelending.com
lo.primelending.com/jkaiman

 

Home Loans Made Simple    
 

Connect with us.    Join me on LinkedIn

 

Forward to a Friend   |   Opt Out   |   Legal

Not intended for consumer distribution. Not subject to Reg Z 1026.24
All loans subject to credit approval. Rates and fees subject to change. Mortgage financing provided by PrimeLending, a PlainsCapital Company. Equal Housing Lender. © 2016 PrimeLending, a PlainsCapital Company (NMLS: 13649).

 

EHL

 

Want to Advertise on this Site?

Latest Blog Posts

Master Bedroom Designs

Check out this list of amazing Master Bedroom Designs from Home Epiphany: 20 Beautiful Master Bedroom DesignsClick photo to view list.;

Read More

Open House Polk City Tomorrow

NEW CONSTRUCTION OPEN HOUSECome check out this beautiful ranch on cul-de-sac.3 bedroom 2 bathrooms.  Priced below $330,000! 1805 Robin Court, Polk City Iowa 50226-12741!

Read More

Dec 8 2017 17139 1

Fire it Up: 15 Fabulous

Read More

Big News For Johnston Iowa

The des moines register posted an article today, covering what most Realtors already knew was coming, plans to grow Johnston and give it more and more to do.  This city already has amazing

Read More